11,878 research outputs found
THE ROLE OF FIRM SIZE IN CONTROLLING OUTPUT DECLINE DURING THE ASIAN FINANCIAL CRISIS
Full text linkThis study sets out to develop a simplified risk premium model to explain output decline within the economies of Asia in the immediate aftermath of the Asian financial crisis. Firms are allowed to borrow from both domestic and foreign banks, with the firms¡¯ debts being loosely constrained (at high levels) prior to the crisis (lending boom) but becoming tightly constrained (at low levels) on the outbreak of the crisis (lending bust). The lending rate is a function of the debt-capital ratio; thus if firms have only limited access to the credit market, then they will accumulate less capital and become small firms. Given their lower collateral, small firms face higher risk premiums which will ultimately lead to a much greater reduction in output when a credit crunch suddenly hits. Our model predicts that small firm size will accelerate unanticipated shocks; therefore, output decline will be greater in countries with small firms than in those with large firms.Asian Financial Crisis, Firm Size, Credit Constraints, Risk Premiums
Studies on Photoionization Processes of the Beryllium Atom
No full text本論文以「多組態相對混相理論(MCRRPA)」探討鈹原子的光游離過程。我們計算介於第一和第二游離閾之間的光游離截面，以及光電子角分佈與極化參數。在此光子能量範圍裡，光電子譜呈現「五個瑞德伯系列」的自離共振結構。我們詳細探討這些共振附近角分佈和極化參數的變化，以及其與共振位置與寬度的關係，並且提供將來實驗探討的面向。Photoionization parameters in neutral beryllium are calculated in the multiconfiguration relativistic random-phase approximation to resolve the interplay between relativistic and correlation effects in low-Z atoms or ions. Precise energies and widths of five Rydberg series of low-lying doubly-excited states are given. Experimental studies on angular distribution of photoelectrons are suggested to obtain information on widths of some states, which cannot be obtained from total cross section measurements.目錄
摘要
第一章 簡介 1
第二章 MCRRPA理論 8
第一節 MCRRPA理論的一般性推導 8
第二節 MCRRPA軌道方程式 14
第三節 光電子的角分佈與自旋極化參數 22
第三章 結果與討論 25
第一節 鈹原子光游離過程 25
第二節 鈹原子光游離總散射截面 33
第三節 光電子的角分佈與自旋極化參數 54
第四章 結論 76
附錄A相對論性多通道量子虧損理論 84
附錄B MCDF和MCRRPA的徑向方程式 87
附錄C鈹原子雙激發共振態的命名 92
附錄D共振能量與共振寬度的逼近 94
附錄E Beulter-Fano profile 的分析 98
參考文獻 10
Crises in Asia: Recovery and Policy Responses
Full text linkThe goal of this paper is to provide stylized facts on recovery from economic downturns and to evaluate the role of macroeconomic policies in promoting recovery. In particular, we examine gross domestic product (GDP) recessions and financial downturns (credit contractions and stock price declines) using data from 21 Organisation for Economic Co-operation and Development (OECD) economies and 21 developing Asian economies. We find, in general, recovery from a GDP recession in Asian economies is somewhat slower than in OECD economies. However, recovery from a financial downturn is not much different between Asian and OECD economies. We also find OECD economies have been more active and effective in using counter-cyclical policies than Asian economies in the face of GDP recessions and financial downturns. Recent evidence, however, suggests Asian economies may have better success in the current global crisis.Recession; Financial Crisis; Recovery; Policy Response; Asia
Germ-line transmission of a myocardium-specific GFP transgene reveals critical regulatory elements in the cardiac myosin light chain 2 promoter of zebrafish
No full textFinancial Integration in Emerging Asia: Challenges and Prospects
Full text linkUsing both quantity- and price-based measures of financial integration, this paper shows an increasing degree of financial openness and integration in emerging Asian markets. This paper also assesses the impact of a regional shock relative to a global shock on local equity and bond markets. The findings of this paper suggest that the region’s equity markets are integrated more globally than regionally, although the degrees of both regional and global integration have increased significantly since the 1997/98 Asian financial crisis. However, emerging Asia’s local currency bond markets remain generally segmented, being neither regionally nor globally integrated. A case can be made for the benefits of increased regional integration of financial markets. Financial integration at the regional level allows for the region’s economies to benefit from allocation efficiency and risk diversification. The findings of this paper suggest that policymakers in the region must strike the right balance between maximizing the net benefits from regional and global financial openness, and minimizing the potential costs of financial contagion and crisis.emerging Asia; financial integration; cross-border financial flows; crossborder asset holdings; convergence of asset returns
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